by Pater Tenebrarum, Acting-Man.com:
Even Dennis Gartman is Shorting the Yen…
As CNBC reports, even Dennis Gartman is now shorting the Japanese yen. Along with every Tom, Dick, Harry, their aunt Elsie and her dog Freddie as it were. If ever there was a consensus trade, this must be it. Let us look at Gartman’s arguments. They actually make superficial sense as you will see:
Even Dennis Gartman is Shorting the Yen…As CNBC reports, even Dennis Gartman is now shorting the Japanese yen. Along with every Tom, Dick, Harry, their aunt Elsie and her dog Freddie as it were. If ever there was a consensus trade, this must be it. Let us look at Gartman’s arguments. They actually make superficial sense as you will see:
“The Japanese government has given a “sell” signal for the yen, Dennis Gartman, editor of The Gartman Letter, said Wednesday on CNBC.Read More @ Acting-Man.com
“I’ve been short of yen for quite some time,” he said. “I’m short of yen against dollars, generally.”
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